06/23/2009
https://congress.gov...
"this shady deal was clearly intended to help Santander evade the regulations, in this case, capital standards, of the European banking authority."
"the deal with Goldman was, quote, 'designed to help Santander artificially enhance its capital position.'"
"The test for safety and soundness is not whether or not the activity is legal or illegal."
"It helps put our system at greater risk and it increases the likelihood of regulatory capture all at the same time."